Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin

January 7, 2016

Preview Citation

Format: Chicago

Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2016) accessed November 24, 2024

Also available in: français

Summary

This 2015 Article IV Consultation highlights that for the third consecutive year, Benin is expected to reach solid economic growth in 2015 at about 5 percent, despite recent headwinds from the economic slowdown in Nigeria—Benin’s major trading partner. In 2016, increased public investment is expected to keep real GDP growth at about 5.2 percent, with inflation to remain subdued. The medium-term outlook is also positive overall, but subject to significant risks, including a further slowdown in Nigeria and delays of structural reforms that could weaken growth dynamics. Low debt levels help accommodate the government’s ambitious plans to further scale-up investment over the medium term.

Subject: Banking, Capital spending, Debt sustainability, Expenditure, External debt, Fiscal policy, Public debt, Revenue administration

Keywords: Capital spending, CR, De facto arrears, Debt management strategy, Deficit, Election spending, Envisaged investment program, Financing, Global, Investment spending, ISCR, Monetary and financial statistics, Spending, West Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/006
Stock No:

1BENEA2016001
ISBN:

9781513595818
ISSN:

1934-7685

Notes

Also Available in French

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